Nvidia Buys Hugging Face for $12.93bn

Nvidia agreed September 3, 2026, to buy Hugging Face, a website where people share AI programs and data, for $12.93bn. Nvidia makes the computer chips that power most AI. CEO Jensen Huang said the site stays open and won't require Nvidia chips. Chip rivals Intel and AMD, who backed Hugging Face, now rely on a competitor's property.